WARNING: A Massive Unrecoverable Recession Is On The Way…

For months now, numerous investors, bankers, and entrepreneurs have been passing around the discussion topic of a possible future recession.

Well now the World Bank is joining in on the topic and warning that there may be something even more terrifying on the horizon: years and years of minimal growth as well as continued rise in prices.

Just recently, an announcement from the World Bank warned that the global economy may be on its way to years of minimal growth and rising prices.

Predictions revealed that global growth is now expected to fall to 2.9%, a decrease of 1.2 percentage points from the previous forecast at the start of the year.

The World Bank warned that alarms are going off for a “protracted period of feeble growth and elevated inflation.”

Liz Ann Sonders, Chief Investment Strategist for Charles Schwab said:

“Both inflation and slow growth are putting world economy at risk.” 

There seems to be no end to the global inflation that only continues to go up, which the World Bank cited the blame on supply chain shocks, elevated demand from opening up economies post-COVID, and the Russian invasion of Ukraine.

According to the report, global markets expected inflation to peak sometime around the middle of this year, before declining to about 3% by mid-2023.

The report shared that inflation will peak sometime in the middle of 2022 before it drops to around 3% by the middle of 2023, highlighting the progression of surging energy, rising food costs, and heightened interest rates from central banks.

“The global outlook faces significant downside risks, including intensifying geopolitical tensions, an extended period of stagflation reminiscent of the 1970s, widespread financial stress caused by rising borrowing costs, and worsening food insecurity.” 

100% of Advanced economies and 80% of Emerging and Developing countries are now experiencing above-target inflation, the World Bank report indicated.

The Gateway Pundit reported:

The World Bank also downgraded growth prospects for the United States in 2022 to 2.6% from the 3.8% it predicted in January.

The World Bank advised governments to soften the blow from soaring energy and food prices. The group suggested easing financial burdens by expanding debt relief.

The World Bank report cautioned that if geopolitical conditions do not begin to improve, “global growth could be substantially weaker.”

This warning is eerily similar to the one JPMorgan Chase CEO Jamie Dimon echoed, warning investors at a financial conference in New York that his firm is bracing for an economic “hurricane.” He indicated that investors must brace for rough times ahead.

Source: Thegatewaypundit

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